CSC Launches Software to Streamline Vendor Management
News Release -- August 24, 2010
Vendor Solutions Suite Helps Firms Reduce Costs
FALLS CHURCH, Va., Aug. 24 – CSC (NYSE: CSC) today released a new Web-based software called Vendor Solutions Suite to help firms improve the quality, productivity and cost-effectiveness of their third-party vendor relationships. This software aids management of the entire relationship with vendors from assignment of tasks to review and approval of expenses. It automates and simplifies the vendor assignment process, tracks performance, promotes best practices and can ultimately lead to lower expenses.
Vendor Solutions Suite complements CSC’s Legal Solutions Suite, which is used by more than 50 companies to manage 7,000 law firm relationships. Together, the products complete the comprehensive management of all vendor relationships.
“Companies spend millions of dollars each year with outside vendors that provide a myriad of services to help them run their businesses,” said Mike Fitzgerald, senior insurance analyst for Celent, a research and advisory firm. “Many firms manage these billings manually or with multiple automation solutions. Adopting a focused point solution that helps to control and better manage processes can bring real value at less cost.”
“Vendor Solutions Suite is ideally suited for any type of firm that manages a high volume of vendor billings manually,” said Jim Cook, president of CSC’s Business Solutions and Services Sector. “By delivering powerful metrics on vendor performance and costs, Vendor Solutions Suite helps clients reduce expenses, improve communication and consistency, and increase payment processing efficiency.”
Vendor Solutions Suite can be implemented on-premise at a client site, hosted or deployed as a software-as-a-service. For more information, visit http://www.csc.com/vss.
CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions and Services, the Managed Services Sector and the North American Public Sector. CSC’s advanced capabilities include system design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. Headquartered in Falls Church, Va., CSC has approximately 95,000 employees and reported revenue of $16.2 billion for the 12 months ended July 2, 2010. For more information, visit the company’s website at www.csc.com.